Accounting Principles, Finance And Accounting

Question: What change was made by the Act regarding the authority competent to sign the company tax returns?
A
Only the CEO now has the authority to sign the company tax returns

B
Any employee can now sign a tax return

C
Only the firm's CPA can sign the tax returns

D
Only the person who has prepared the return can sign it

Note: Not available
1. Report
Question: What new board was created as part of the Sarbanes Oxley Act?
A
SEC – Securities and Exchange Commission

B
IRS – Internal Revenue Service

C
PCAOB – Public Company Accounting Oversight Board

D
GAAP – Generally Accepted Accounting Principles

Note: Not available
1. Report
Question: In which years were the Securities & Exchange Acts created?
A
1980 and 1981

B
1933 and1934

C
1920 and 1930

D
1802 and 1920

Note: Not available
1. Report
Question: What is form 10-Q?
A
Monthly filing with the SEC reporting director salaries

B
As needed filing to disclose any significant issues or changes

C
Quarterly financial reports filed with the SEC

D
Annual financial reports filed with the SEC

Note: Not available
1. Report
Question: How is a donated asset accounted by a non-profit organization based on its fair market value?
A
Dr: Asstes, Cr: Revenue

B
Dr: Revenue, Cr: Liability

C
Dr: Expenses, Cr: Assets

D
Dr: Revenue, Cr: Expenses

Note: Not available
1. Report

Question: What change was made by the Act regarding the authority competent to sign the company tax returns?